Retirement plan

HAL LEONARD LLC DEFERRED COMPENSATION PROFIT SHARING PLAN

Name: HAL LEONARD LLC - HAL LEONARD LLC DEFERRED COMPENSATION PROFIT SHARING PLAN (2023) Form 5500
Creator: HAL LEONARD LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HAL LEONARD LLC DEFERRED COMPENSATION PROFIT SHARING PLAN, HAL LEONARD LLC

HAL LEONARD LLCEIN 39-1776304Plan #001PY 2023

7777 WEST BLUEMOUND ROAD - MILWAUKEE, WI 532133439414-774-3630halleonard.comLinkedIn501-1000 employeesmusic

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$49.9M

+5.6% from 2022

Total participants

544

-5.2% from 2022

Average account balance

$93,749

+11.2% from 2022

Annual return

17.20%

+35.75 pp from 2022

Benchmarks

See 601 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants250-999

Cohort601 peers

Snapshot2023

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$53.97M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$100K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

537

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

99.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.31M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+13.07%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$248

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 3 by compensation

Provider	Service type	Compensation
AMERICAN UNITED LIFE INSURANCE CO9+ years Filed as: ONEAMERICA RETIREMENT SERVICES LLC Service code 15 · EIN 46-5378846	Recordkeeping	$73,999
HAYS COMPANIES2 years Filed as: THE HAYS FINANCIAL GROUP Service code 16 80 SOUTH 8TH STREET · MINNEAPOLIS, MN 55402	Consulting	$56,948
MATRIX TRUST COMPANY3 years Service code 19 · EIN 75-3182674	Securities Custodian	$0

Plan features & details

Pension benefit codes2E2F2G2J2S2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$131K

$416 / participant

Recordkeeping$74K56.5%
Investment mgmt$57K43.5%

% of EOY assets

0.263%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BAKER TILLY US, LLP
Auditor EIN: 301413443
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$93,749

$89,282+5.0%

$94,664-1.0%

$74,460+25.9%

Participation rate

96.2%

82.4%+13.8pp

80.8%+15.4pp

70.7%+25.4pp

Annual return

17.20%

25.96%-8.8pp

156.84%-139.6pp

34.38%-17.2pp

Employer contribution / active EE

$2,079

$3,022-31.2%

$3,673-43.4%

$2,638-21.2%

Participant deferral / active EE

$5,753

$8,425-31.7%

$7,417-22.4%

$4,530+27.0%

Admin fee / account holder

$246

$219+12.6%

$7,222-96.6%

$348-29.2%

Provider

Service type

Compensation

AMERICAN UNITED LIFE INSURANCE CO9+ years

Filed as: ONEAMERICA RETIREMENT SERVICES LLC

Service code 15 · EIN 46-5378846

Recordkeeping

$73,999

HAYS COMPANIES2 years

Filed as: THE HAYS FINANCIAL GROUP

Service code 16

80 SOUTH 8TH STREET · MINNEAPOLIS, MN 55402

Consulting

$56,948

MATRIX TRUST COMPANY3 years

Service code 19 · EIN 75-3182674

Securities Custodian

HAL LEONARD LLC DEFERRED COMPENSATION PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HAL LEONARD LLC DEFERRED COMPENSATION PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion